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| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 3346 |
| Service Circular No: | LCH.Clearnet EnClear 389 |
| Date: | 26 September 2013 |
| To: | All LCH.Clearnet EnClear Clearing Members |
Margin Rate Changes for EnClear Contracts
LCH.Clearnet Ltd has revised the London SPAN parameters as marked in bold and italic on the attached document. This circular supersedes circular LCH.Clearnet / 3344; LCH EnClear /387 dated 24th September 2013.
Changes have been made to EnClear contracts.
The margin review changes will take place with effect from close of business Tuesday 1st October and will be reflected in margin calls made on Wednesday 2nd October.
Details of the current London SPAN Parameters, for all EnClear contracts, can be found on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars.
For further information please contact the following:
Risk Operations +44 (0)20 7426 7520
Nicholas Lincoln
Director, Market Risk